Holdings | Prospector Partners

Fund Overview
Ticker: POPFX
Fact Sheet:
Prospector Opportunity Fund
Investment Objective:

The investment objective of the Opportunity Fund is capital appreciation.
Main investment strategies:

Under normal market conditions the Prospector Opportunity Fund invests primarily in a variety of equity and equity-related securities both domestically and in other developed markets. The fund attempts to buy investments priced to generate long-term total returns significantly above those of general stock indices and U.S. treasuries. In pursuit of its value oriented strategy, the fund invests significantly in small-to-mid capitalization companies with market capitalizations at the time of investment in the range between $150 million and $15 billion. The Fund managers seek companies with long, consistent, predictable track records of *free cash flow yield generation and healthy organic growth.

*Free Cash Flow represents the cash a company can generate after required investment to maintain or expand its asset base.

Top 10 Holdings as of 09/30/25
Littelfuse	3.2%
Globe Life	3.1%
Fairfax Financial Holdings	3.0%
Brown & Brown	2.9%
Primerica	2.8%
Prosperity Bancshares	2.5%
Southstate Bank Corp	2.4%
Everest Group	2.2%
PNC Financial Services Group	2.2%
Ameris Bancorp	2.1%

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.

Prospector Opportunity Fund